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What is the cost of margin trading on Robinhood for cryptocurrencies?

avatarNemo StreamsDec 16, 2021 · 3 years ago1 answers

Can you provide detailed information on the cost of margin trading for cryptocurrencies on the Robinhood platform? I would like to know about any fees, interest rates, and other charges associated with margin trading on Robinhood.

What is the cost of margin trading on Robinhood for cryptocurrencies?
Cryptocurrencies
Margin Trading
Robinhood

1 answers

  • avatarDec 16, 2021 · 3 years ago
    Margin trading on Robinhood for cryptocurrencies comes with its own set of costs. While there are no commission fees for executing trades, Robinhood charges interest on borrowed funds. The interest rate varies based on the amount borrowed and the duration of the loan. It's important to note that the interest is calculated daily and added to the account balance. Additionally, there may be other charges such as maintenance fees or fees for specific types of trades. For more detailed information on the cost of margin trading on Robinhood for cryptocurrencies, it is recommended to visit their official website or contact their customer support for assistance.

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